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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

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What is an auction fee?

Auction Fee means the fee to be paid by the user for the successful sale of a receivable through the receivables exchange.

Is an auction a valid offer?

A sale at auction is nominally an offer by the owner to sell a property to the highest bidder without any qualification, unless the owner reserves to him or her openly at the time of the sale, the right to bid upon the property, or openly announces a price below which the property will not be sold.

What happens if highest bidder doesnt pay?

If the buyer does not pay, the seller receives an email that Final Value Fees will be credited back to their account. After a certain number of unpaid item strikes, the buyer is removed from eBay. It is really important that all sellers file unpaid item cases against buyers who dont pay.

Can a seller refuse a bid?

Rejecting an offer is entirely legal as long as you do it for the right reasons. There are many reasons that are legally acceptable, including low offers and concerns about the buyers financial position. But sellers cannot discriminate against individuals protected under state and federal law.

Are bids at auctions binding?

Your Bid or Purchase is a Contract When you place a bid on an online auction item, you enter into a legally binding contract to purchase the item from the seller if you are the winning bidder. You are the winning bidder if your bid is the highest bid at Auction Close and your bid is accepted by the seller.

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